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Data from U.S. Energy Information Administration. Forecasts by Sigmanomics Forecast Engine.
United StatesUS API Weekly Gasoline Stock Change fell to -0.18M in July 2013
U.S. Energy Information AdministrationWeeklyReleased July 2013
US API Weekly Gasoline Stock Change fell to -0.18M in July 2013, down 1.51M from June's 1.33M reading. The reading missed the 0.44M consensus by 0.62M. The print is running well below the 12-month average of 0.13M. Over the past 3 months, API Weekly Gasoline Stock Change averaged 0.36M, vs -0.87M in the prior 3-month window.
Latest Release
-0.18
Actual
0.44
Consensus
1.33
Previous
Median Absolute Error
±50.93 million
across last 9 releases
Last Call
Jul 2013
Predicted: -30.67
Actual: -0.18
Error: -30.49
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
API Weekly Gasoline Stock Change (United States) was reported at -3.48 million in July 2013. The reading fell from the previous value of -0.18 million.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged -0.78 million, down from the prior three at 0.21 million.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 9 releases, the Sigmacast model's median absolute error is 50.93 million.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include NAHB Housing Market Index (Jun 15) and Building Permits MoM (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update July 2013.
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API Weekly Gasoline Stock Change - US
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About API Weekly Gasoline Stock Change — United States
DEFINITION
The API Weekly Gasoline Stock Change is a key financial indicator that measures the change in the amount of gasoline held in storage by US refineries, as reported by the American Petroleum Institute (API) on a weekly basis. This data is closely monitored by investors, analysts, and industry professionals as it provides valuable insights into the current supply and demand dynamics of the gasoline market. Fluctuations in gasoline stock levels can have a significant impact on the price of gasoline and can also indicate potential shifts in consumer spending and economic activity.
WHY THIS INDICATOR MATTERS
Energy-supply and inventory data shape commodity-curve positioning and feed through to headline inflation and consumer-discretionary spending. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released weekly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2013): actual -3.48 M. Prior reading (Jul 2013): -0.18 M. Before that (Jun 2013): 1.33 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.